Real estate company Federal Realty Investment Trust announced it achieved a 35% reduction in Scope 1 and 2 GHG emissions, marking progress toward its Science Based Target initiative-approved goal of a 46% reduction by 2030.

The company also reached 15.3 MW of onsite solar generating capacity, the largest of any shopping center company, according to the Black Bear Solar Leaderboard. This underscores Federal’s commitment to renewable energy, according to a statement.

As detailed in its 2024 Sustainability Report, Federal expanded its solar portfolio to a total of 28 properties. The company continuously evaluates its portfolio, new acquisitions and new development projects to identify additional opportunities to add solar installations to any property where it makes physical and financial sense.

Federal also sourced 51% of its total electricity consumption from zero-carbon power in 2024, and 5.8 million square feet of LEED projects were completed or in the process of being completed.

A significant amount of the company’s portfolio is located in deregulated energy markets that allow the company to procure electricity at little to no incremental cost from third party suppliers that generate electricity from renewable or zero carbon sources. In 2024, this included 46% of the portfolio.